NZ's Property for Industry: withdraws FY outlook, shares drop

Property for Industry

15/04/2020 05:17

** Shares of Property for Industry Ltd  PFI.NZ  fall as much
as 1.2% to NZ$2.015, their lowest since April 7
    ** The property investment firm withdraws its
forward-looking statements, including FY 2020 earnings and
dividend outlook due to uncertainty caused by the coronavirus
 urn:newsml:reuters.com:*:nNZW8kCphb
    ** CEO Simon Woodhams says he is unable, at this point, to
confirm whether the dividend amount will be paid for Q1 or FY  
    ** Stock posts its biggest intraday percentage drop since
April 6
    ** About 564,000 shares change hands, compared with the
30-day average of about 412,000 shares
    ** Stock down 16.4% this year, as of last close
       

 (Reporting by Aditya Munjuluru in Bengaluru)
 ((aditya.srivastsav@thomsonreuters.com))